Reported 15 days ago
Tesla is urging the Delaware Supreme Court to restore Elon Musk's $56 billion compensation package, which a lower court rescinded in January 2024. Tesla's attorney contends that last year's shareholder vote to approve the pay package should be honored, citing it as one of the most informed decisions in Delaware's history. The ongoing legal battle has implications for Delaware's corporate law and could influence future company governance as Tesla, among others, has shifted its legal base in response to perceived legal challenges.
Source: YAHOO